Quoting our CEO, Alberto Sánchez de Rojas Barcina:
“Hydrogen is not an ‘if’… this is a ‘when’.”
According to the latest Global Hydrogen Review by the International Energy Agency (IEA), the momentum behind clean hydrogen is accelerating fast. Projects that have reached Final Investment Decision (FID) in 2024 have more than doubled compared to the previous year—growing from 1.7 Mtpa in 2023 to 3.4 Mtpa this year.
This is a significant milestone in the transition toward clean energy. The increase reflects growing confidence, investment, and urgency across the hydrogen value chain.
In the chart linked below, you can see the global distribution of low-emission hydrogen projects across different development stages: Announced, Early Stage, and FID. A purple diamond highlights the level of progress needed to stay on track for the Net Zero Scenario by 2050.
There’s still a long journey ahead, but each step forward brings us closer. The growth we’re seeing today lays the foundation for a more sustainable and decarbonised future.
